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CNBC
Aug 28, 2013 3:00pm EDT
capital under the shadow of the great emancipator to awaken america's long slumber conscience. we rightly and best remember dr. king's soaring oratory that day. how he gave mighty voice to the quiet hopes of millions, how he offered a salvation path for oppressed and oppressors alike. his words belong to the ages. possessing a power and prophecy unmatched in our time. but we would do well to recall that day itself also belonged to those ordinary people whose names never appeared in the history books. never got on tv. many have gone to segregated schools and sat at segregated lunch counters. they lived in towns where they couldn't vote and cities where their votes didn't matter. there were couples in love who couldn't marry. soldiers who fought for freedom abroad that they found denied to them at home. they had seen loved ones beaten. and children fire hosed. and they had every reason to lash out in anger or resign themselves to a bitter fate. and yet they chose a different path. in the face of hatred they prayed for their tormentors. in the face of violence they stood up and sat i
CNBC
Aug 6, 2013 3:00pm EDT
castle, the taste america craves. >> yeah. is that your -- >> okay. >> is that your saying? >> off to a good start. >> a good start here. let's talk about the healthcare legislation. what prompted you to say that current full-time workers would stay full time, but the new hires will only be part time, or may only be part time? >> for us, it's about great business, great food, and responsible citizenship. and it means we need to share our views. when we look at the law in the current form, definition of full time, arbitrarily picked to be 30 hours a week, doesn't fit with the business model restaurants have used around the country for decades. it forces us to be in a position where our healthcare costs will increase 35% if we don't make changes. >> you know, i will say i read over your plan. you're very generous in terms of the healthcare coverage and the pension plan that you offer. i mean, you're very much an anomaly in the fast-food industry. >> you know, bill, we've offered a health insurance plan since 1924, and our founder believed in providing freedom from anxiety. and that's
CNBC
Aug 23, 2013 3:00pm EDT
, we've got a middle america that we really need to develop, and that's where a lot of jobs like manufacturing and others can come into play that we're very involved in. but i also think, though, that america needs places for everyone to start. and sometimes the opportunity from the starting role on to grow and develop, i'm just extremely proud of the fact that 75% of u.s. management started with walmart as hourly associates. and this creation of opportunity, it's a great story of america, it's a great story of walmart. so whatever we do, we sure don't want to take away from the opportunity to get started, and the opportunity to grow and be a part of personal growth as well as the growth of our business and growth of america. >> lots of great stuff there. stick around. part two of maria's exclusive interview with mike duke is coming up. she asks him some pretty direct questions, especially about the company's bribery charges in mexico. >> are heads going to roll? is anybody going to get fired over this? >> oh. you'll have to wait to hear -- i wanted to hear the answer to that que
CNBC
Aug 22, 2013 3:00pm EDT
systems in the united states of america were ready to continue to trade. >> and ben this is one of the arguments that was made against robust back-up systems. people ask, gee, why didn't a back-up system kick in. >> trading has begun. you can see the nasdaq composite we've been showing flat lining the lot of two plus hours, is now moving. but not moving a whole lot. >> bertha probably sees this too. we see apple and amazon started trading. >> we're getting there. >> it'll be crazy to see whether or not this goes up smoothly or whether or not there are still hiccups in the first 10 or 15 minutes. >> and what's as in nasdaq omx doing? >> i'm looking. >> people thought they had cancelled their trades and got reports. >> you see the nasdaq itself, down almost 5% in trades. guys, i'm standing by the post where a blot of nasdaq post at the stock exchange. there are about 150 nasdaq stocks that trade at the stock exchange. they have been halted for several hours. here they are, some of them in red. we are still waiting for them to open. while we get tape c open here at the new york stock
CNBC
Aug 30, 2013 3:00pm EDT
france. michael o'hanlon, is it definite france will stand by america in this? is there another chance anotherally would stanother al ally would step up to the plate? >> i think mike's points are very well argued but i would say in this case the main goal is re-establishing deterrents against using weapons of mass destruction. if he doesn't get that message, the administration will have tough choices. i'm not sure who would be with us about engaging in a more sustained air campaign that would mimic what we did in bosnia and kosovo in the '90s. i don't think assad will retaliate or do this again because he knows we have compelling and effective next steps we could carry out if we needed to. in the end, i'm hopeful this operation will achieve its limited purpose of deterring future chemical and potentially nuclear proliferation. but i agree with mike, it's not going to solve the broader conflict and leave the civil war ongoing. >> mike breen, do you agree with that, that a man that john kerry referred to today as a thug, president assad, do you think he'll get a message that will get him
CNBC
Aug 9, 2013 3:00pm EDT
the world, i want to make clear once again that america is not interested in spying on ordinary people. our intelligence is focused, above all, on finding the information that's necessary to protect our people, and in many cases, protect our allies. it's true, we have significant capabilities. what's also true is we show a restraint that many governments around the world don't even think to do, refuse to show. that includes, by the way, some of america's most vocal critics. we shouldn't forget the difference between the ability of our government to collect information online under strict guidelines, and for narrow purposes, and the willingness of some other governments to throw their own citizens in prison for what they say online. and let me close with one additional thought. the men and women of our intelligence community work every single day to keep us safe, because they love this country and believe in our values. they're patriots. and i believe that those who have lawfully raised their voices on behalf of privacy and civil liberties are also patriots who love our country a
CNBC
Aug 2, 2013 3:00pm EDT
twitter took me to task for saying deleveraging. we are. corporate america is. the fed is not. >> europe is selling assets aggressively. >> corporate balance sheets have more cash than they've had in forever. >> it's not as much as in 2008, 2009 but it's still deleveraging. >> yes, it is. >> where are we going? the dow is going up 14 points. likes like we'll go down. david has three things investors need to keep the historic rally rolling. >> let's see if he remembers them all. later while it did not show the growth it hoped for, that's not general motors' fault. coming up, we'll speak to gm's chief economist and what he sees in the economy right now and howze his gigantic company is prepared for the new health care as well. that's coming up. you're not just looking for a house. you're looking for a place for your life to happen. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,000 mutual funds
CNBC
Aug 5, 2013 3:00pm EDT
the likes of ford, bank of america, and also pfizer, sprint, nokia, movement in the telecom names. all-time highs today despite the lower market hit for names like costco, 20th century fox, dow chemical, jm smucker's, tyson foods, also talking about patterns it's seeing across the emerging market space. but a lot of talk about demand for beef and chicken and what that means for consumers. 20th century fox down by .5%, and tons of talk today about what's happening in the cable space. comments in the "wall street journal" from cablevision ceo talking about the trend that he's seeing with that company and whether they're even going to offer cable or simply have broadband in the future. in the meantime, of course, the spat continues between time warner and cbs as people wait to see how that one will be resolved. looking forward to the sports. of course, showtime. that's the closing bell down here at the new york stock exchange. [ closing bell sounding ] being rung. that's the nasdaq, as well, where we're looking potentially for a positive close despite the other two indexes starting o
CNBC
Aug 26, 2013 3:00pm EDT
from north america, especially in the u.s. as the manufacturing renaissance really drives earnings through cap x. you want to be more diversified within your industrial space and less so focused on the areas that only focus on china and emerging markets or europe. you want to be more diversified across sectors. >> dean, the pullback, do you invest in defensives or what do you do here? >> yeah. i mean, so right now the areas we tend to overweight are technology, health care and to a lesser extent consumer cyclical. we are reducing the exposure. the tricky part is we're not really seeing a lot of pent-up growth from our perspective particularly in the areas tied to the industrials and so you're trying to balance out the area that is are particularly attractively valued with some of the -- still can find the health care names where expectations have been set low enough to be met or exceeded where some of the tech stocks come in. >> david, in light of the very low volume, i think today could be potentially on track to be the lowest volume day of the year so far. would you be just sitti
CNBC
Aug 7, 2013 3:00pm EDT
. we also show through our work that the top 50 institutional investment management firms in america have been becoming even more so tracking their error very closely in the benchmark, meaning they're hugging the benchmark. and they are indexing, meaning they are worried to give up the gains. i mean, common sense-wise tells you that the market has to have a little bit of a respite. we're up 20%. it's august. this is very normal. we're talking way too -- we're putting way too much into the notion that this is already priced in. we are in a real reactive market, folks. and the minute the fed starts talking about tapering, we're going to see some volatility in the market. >> yeah, we are. >> what's the alternative? i mean, brian, you know, if i want to take money out of the market now because i'm afraid of tapering, where do i put it? >> well, again, maria, we've never been one that wants to time the market. we think stocks are much higher five years from now. but we think the market's already hit its high for the year. so there's nothing wrong with taking a little bit off the table her
CNBC
Aug 21, 2013 3:00pm EDT
move to the upside. there's bank of america, helped the overall averages. the dow jones industrials in particular moving up here. guys, i think it would be a bullish signal if we could end in anywhere near positive territory. it's a signal the market is getting more comfortable with tapering, and whether the timing is dramatic in september or december, i'm not sure it makes an awful lot of difference. i go with the tapering-light idea. that makes sense to me. back to you. >> all right, bob, thank you so much. >>> joining us now in our "closing bell exchange" is mark, david, doug from ing, and ben willis from albert freed & company. good to see everybody. thank you for joining us. let's talk the markets. first off, what a wild -- what a wild reaction, ben. talk to us about what went on down here when the minutes first came out, about an hour ago. >> i think you saw a reaction with the algorithms that might have been left on during the fed minutes, just the term the few may have been an indication there was a collegial consensus from ben bernanke's fed. it's old news. it's three weeks
CNBC
Aug 12, 2013 3:00pm EDT
wants to revolutionize high-speed travel in america. phil lebeau joins us now. we understand his announcement, more details in maybe an hour's time. >> we'll hear about the hyperloop, or at least his vision of it. the hyperloop hoopla is what we're looking at, because we don't have an indication of what he's going to tell us. he told us it's a theory. not a company he's forming. it's his vision of the future. it will be solar-powered and have the cost lower than what it would take to take a comparable trip in planes or trains. he tweeted a few hours before he pulled an all-nighter developing his hyperloop plan. the hyperloop will have an open architecture, so in other words, if other technology companies, other software engineers, if they want to add to the hyperloop that he throws out there, that's a possibility. i want to show you the animation, because this is the vision of a company out of colorado. et-3, it's developing tube transport technology. it's already issuing licenses to technology partners, similar to what musk has talked about, an open architecture. et-3 says tube
CNBC
Aug 20, 2013 3:00pm EDT
well, about an intern at bank of america in london who died after reporting for work for three straight day -- working three straight days. what can you tell us about that? >> yes, it's a terrible tragedy. this gentleman's name was moritz erhardt, a 21-year-old intern with bank of america in london. we had mentioned about him working three days straight. that's not been officially confirmed, nor has it been denied. it was known he is a hard-working guy who had been putting in a lot of hours, was found in his flat in london. authorities are still investigating it. you know, it just brings up the whole culture of the interns working at these banks and getting put through a lot of long hours. i had a chance to speak to a senior person at bank of america who told me, look, you know, it's a terrible tragedy, everybody feels bad about it, but this is -- this is what interns go through. they come here to learn how we operate. we want to see how they operate. and, you know, hopefully somebody gets hired when it's all through. but just a terrible, terrible tragedy, getting a lot of readership, p
CNBC
Aug 14, 2013 3:00pm EDT
, america west and u.s. airway, together, bankrupt three times. so you're comparing apples and oranges. yes, it's better. yes, the pricing is better. it should be, oil's up 400%. the facts are that unless you have a network that's competitive with united and continental -- with united and delta, you are not going to be making all of the record profits. the big corporations book on networks not on individual city pairs. >> okay. one of the things i'm always concerned about is the fact that in the newspapers, the only thing they've been talking about, and on air, is what's happening to the airlines. we need bigger airlines so they can compete with each other. what we need is we need airlines to care about their consumers. they treat consumers and passengers with dignity, with -- to tell us what the prices are going to be. let us know what the fees are going to be, and they don't stick their thumb right in the eye of the regulators and of legislators by raising change fees by 50 bucks during the discussion of a merger. >> -- that's got nothing to do -- >> it has everything to do with it.
CNBC
Aug 8, 2013 3:00pm EDT
under pressure. bank of america, j.p. morgan, both in the cross hairs by regulators. up next, find out how that could impact the stocks of these financial giants. >> also, activist investor big ackman wants jc penney to appoint a new ceo in 45 days. he is being impatient. is that enough time to find a new ceo for the struggling retailer? we will find out. back soon. i've been doing a few things for a while that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next l
CNBC
Aug 27, 2013 3:00pm EDT
about. >> if this happens on a dat, sued against bank of america for the old countrywiped bank loan, that's going to proceed. the judge said enough evidence is in to proceed. things are looking tough for the banks, aren't they? >> bank of america is exposed on this case. has an even bigger exposure potentially than jpmorgan. and another one, more than $30 billion in the case. less well able to afford that sort of bill than jp is. >> such an important precedent, tom. i can't even imagine. tom braithwaite. thanks very much. >> thank you. >>> 2%, bill. the decline for jpmorgan today. but 160 points is what we're looking for in the dow and maz dak. continuing to be the underperforming in the market. half an hour left to go. down more than 2%. >>> and coming up after the break, cesee syria and stocks. what it's doing to the oil price and gold. the sfwhags syria and the global fall outfor our economy as well, coming up next. >>> check out the online edition of talking numbers at cnbc.com/talkingnumbers. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 th
FOX Business
Aug 20, 2013 3:00pm EDT
. today it is a winner. how about going forward? abe of america intern died after pulling several all nighters. how many hours some of the junior players are asked to work. charlie gasparino on this story. we will be right back. ♪ mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and meditions. serious side effects could include increased risk of prostate cancer; worsening prostate symptom decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and blood clots in th
CNBC
Aug 14, 2013 4:00pm EDT
story to a success story, my next guest is known to frequent a restaurant or two across america. and when he does, business more than doubles for those eateries. he's adam richman, the star of "fandemonium" and many know him as the host and combatant of "man versus food." adam joins the ranking of the reality roster making differences in the small business community across america. good to see you, adam. thank you for joining us. >> thank you, maria. >> you've changed the course of many restaurants across america. what's the biggest challenge facing restaurants today? >> you know, i think that a lot of the restaurant market is just glutted. there's so very many restaurants, so many restaurant concepts, everyone is trying to, you know, be part of the next trend and the next phase. and it really seems to be that the ones that succeed are the ones that don't really go with the trend. they sort of do a few things really well, and they do those for perpetuity. i also think that, you know, now we have people ordering in more, applications like seamless is making that even more easy. so peo
FOX Business
Aug 6, 2013 3:00pm EDT
. the department of justice is suing the banc of america. as for defrauding investors in connection with the sale of over 850 million in residential mortgage backed securities. reporter: we should point out that bank of america issued a statement, a public release early or late last week, which said that they were about to be sued it was kind of the affirmation of that. the stock is not moving much. what's interesting is the crisis related issues that are now starting to see the governments government stepping up and holding them accountable. we still aven't seen a major figure being held accountable at this time. one thing was i have always kicked myself in the rear for this. >> you know, i was worried about going to washington and my wife didn't want to go there. they were losing circulation and i always kicked myself in the rear end thinking what if i went down there. i spoke with bob woodward yesterday he made one of the best decisions. "the washington post" is still a big newspaper. 500,000 and it's not a powerful institution as it once was. that is the difference when they say
CNBC
Aug 1, 2013 4:00pm EDT
hughs back with us from sun america funds. rebecca paterson. leo kelly. and our own rick santelli. leo kelly, earlier as we were closing, i reported that sources saying that there is another massive multibillion dollar etf going on on the street today. they are selling treasuries to buy mid cap etf equities. that's one of the reasons we saw the move-in rates. what's your take of selling treasuries to buy mid cap equities? >> if you're a long term investor and long-term player, treasuries are a difficult play. the interest rates are going to go higher. if you look at the fed, they are still in crisis mode. it still amazes me. we have 0% interest rates and we are still buying billions of dollars of asset backed mortgages like we're still in crisis when in fact the economy is recovering. it is not recovering fast but it is recovering. so i think bonds long-term -- >> are you recommending treasuries or equities? >> no. we are not recommending treasuries. we are still bearish on long-term treasury possess. we like equities in long-term but you have to just stay disciplined here and not let
FOX Business
Aug 23, 2013 3:00pm EDT
, making several homes in america, and the stock struggled since the january ipo, no doubt, because of the slow down here. shares of microsoft take off after news of steve balmer leaving in 12 months. live to nicole on the floor of the new york stock exchange. looking at the stock and his legacy. >> right, his legacy, been with the company for 30 years, liz, at the helm, moved up to the top spot, but under scrutiny as of late because of microsoft, surface tablet was not a huge success, and has now announced a reorganization of the company and is waiting now until he can find a successor to step down from the chief executive role looking internally and externally for the best candidate. the analysts are mixed. some talk about an external candidate bringing in a new climate for the company while others say there's so many great candidates within microsoft. either way, we know that within 12 months, steve balmer will be retiring after over 30 years at the company, he wrote a memo to the employees at microsoft, talking about how much he loves the company, but they are moving into smart phones
CNBC
Aug 20, 2013 4:00pm EDT
the dollar move up is a long-term event. and we want to have more exposure to north america than we've had in a long time. so that's what we're going to do for quite a while. >> you called yesterday, what, the oversold story of the day. >> you came in -- you came in a little oversold with the market. you got the cursory bounce today. you know what i find interesting is that it's so logical that august and september should have all of the excuses to be weak because of all of the things we're talking about. political stuff, policy stuff, fed stuff, anticipation of a new fed chairman, that actually sentiment's cooled off quite a bit. you've had a few times this year when the market goes down 3%, 4%, people get nervous. that's a constructive thing. i'm not saying the period is over. it seems to me that nothing as much has really disrupted the uptrend just yet. >> and i would also say -- >> maria, i don't think you can underestimate the importance of this change in the trend of interest rates, this 100-basis point increase in mortgage costs so far this year has really changed the abil
FOX Business
Aug 9, 2013 3:00pm EDT
. to others around the world i want to make clear once again america is not interested in spying on ordinary people. our intelligence is focused above all on finding information necessary to protect our people and in many cases protect our allies. it is true, we have significant capabilities. it is also true is we show a restraint that many governments around the world don't even think to do. refuse to show. that includes some of america's most vocal critics. we should not forget the difference between the ability of our government to collect information online under strict guidelines and for narrow purposes and the willingness of some other governments to throw their own citizens in prison for what they say online. let me close with one additional thought. the men and women of our intelligence community work every single day to keep us safe because they love this country and believe in our values. they are patriots, i believe those who have lawfully raised their voices on behalf of privacy and civil liberties are also patriots who love our country and want us to live up to our high
CNBC
Aug 21, 2013 4:00pm EDT
for the americas barclays. we'll have his reaction to the federal reserve. >>> plus, ken is my special guest co-host for the hour. we'll talk housing, regulation, and what he thinks of today's activist investors. you're watching the "closing bell" on cnbc, first in business worldwide. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. and then another. and another. and if you do it. and your friends do it. and their friends do it... soon we'll be walking our way to awareness, support and an end to alzheimer's disease. and that? that would be big. grab your friends and family and start a team today. register at alz.org >>> welcome back. a tough market day today, down 105. my special guest has said ben bernanke is the ultimate lame duck fed chairman and the biggest
CNBC
Aug 12, 2013 4:00pm EDT
banks, the big guys -- citi, jpmorgan, even bank of america. i think they're in that unique sweet spot where if the economy really gets hot, the stocks will do well. they always do. if we keep chugging along like this, i think the stocks can do well, because they're getting more and more efficient. they're focused on that. the risk is, do we have another collapse in the economy? i don't see that coming. so i would definitely stay with the money center banks, the large caps. as you move into some of the regionals and smallers, you know, they've had 50% runs over the last 18 month, really had an amazing run. i think it's less attractive there. i'll still constructive on the space. you know, second half of last year, i'd say sandler o'neil was bullish on banks and financials. right now, we're still bullish, but not maybe jumping up and down as much as we were. >> what about you, anton? you go to the big guys or the regions? >> i like the bar bell approach. i agree completely with jeff on the big guys. the small guys, i'm a stock picker, so looking for activity. looking for deals that
FOX Business
Aug 8, 2013 3:00pm EDT
sprint, verizon, at&t. it's an exciting story. closing bell rings in 50 minutes. america's biggest banks under siege from government investigators. this is not regulation, but investigation. chs it mean for the stature of ceos like jpmorgan's jamie dimo, n, and how concerned should you be if you own the stocks? it could affect them. a fox business exclusive giving assessments of the risks to your portfolio, and he just came out with a note on this. you need to hear what he says in the perception about this. and it seems hedge fund billionaire dan loeb wants to be bff's forever with george clooney after the very public feud over sony and its future. we were on the story from the start. when we come back, the very latest. ♪ with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purche every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why sele for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake
FOX Business
Aug 26, 2013 3:00pm EDT
lauren and sandra smith at the america tile -- mother chan tile exchange. chemical weapons used in syria, how does that play into oil? priced in, disruptions in the middle east? >> no, it's something the oil markets are going to be watching closely, adam, and we are hearing that he is confirming that chemical weapons were used over in syria, and this is a big change for the market. they were waiting on this statement for quite some time, and oil prices now back above $106 a barrel, still down on the session because we got weaker than expected economic news on durable goods orders, new home sales last friday, and that's still weighing on the oil market, but there's a huge middle east premium built into the price of crude right now, and, adam, as far as the trade is concerned, there's a note basically saying they have upside potential in crude, but not much. talking about syria here, it is an oil producer, but not a huge oil producer, and the reason why there's a premium in oil because of the concern of the ripple effect that could happen in the middle east and larger producing areas
FOX Business
Aug 29, 2013 3:00pm EDT
continued improvement in the company's profitability here in north america and stabilization in europe. they also had that it could lead to an upgrade for general motors in the next 24 months. cheryl: we will see you very soon. we are rounding out the month of august, youucannot help but wonder if the markets did not get ahead of themselves. >> i think that is probably right. the trend is still negative. the market set to close down about 2.5%. this is a little bit of a concern with the rise of oil prices that we have seen. my thinking is, you may be able to bounce through the holiday. on average, stocks tend to do well before and after. we will see what we did. we need to make a lot more progress to the upside. the tapering is still lingering. i want to take that over to scott at the cme. we have to go back to last year. middle of september, that may be an issue. that could be another market negative. >> right. the market is arguing with itself right now. we have a new fed chair on the horizon. we have obamacare on the horizon. there is a lot that we have to worry about. i think right
CNBC
Aug 28, 2013 4:00pm EDT
a balance. that's what this trade association banker association of america is trying do. we in the press are trying to get the word out. balance, balance, balance, don't over correct at this critical time where we need housing coming back strong. >> gentlemen, thank you very much. >> thank you. >>> president of nintendo joins us today. do you want to know who isn't a fan of what he does? colorado rockies first base coach. >> you play video games >> yeah. >> that's what the rest do, you come home from school you do your homework. >> that was so cute. >> we'll get reaction from nintendo's president and ask him what's behind a big price cut they announced. >>> up next, apple pay roll out a cheaper iphone at its highly-anticipated event next month. a smart move or a misstep. that sound bite was so cute at the baseball game. okay, keep it right here. i've been doing a few things for a while that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up
CNBC
Aug 23, 2013 4:00pm EDT
is that every athlete should get paid the same thing, maybe $200 a week. every school in america, $200 a week allowance, plus the free food, plus the free books. and then they are getting paid, and then we can eliminate the conversation of whether athletes should get paid. everybody, across the board, gets $200 a week, $800 a month. that's it. >> i mean, you know, part of the issue was this ed o'bannon suit where they felt like they were being taken advantage of by the companies putting their images on videogames and things, and they weren't being compensated for that. are college athletes being taken advantage of in what has become a huge business, and that would be college athletics? >> well, i mean, i wouldn't say they're being taken advantage of. it's a whole -- it's a whole athletics-economics thing we could always go through, we could always debate. you know, we bring in money. the fans pay money. you know, it's the whole thing that, you know, we could talk about for a long period of time. to eliminate the conversation about whether college athletes should get paid, every a
FOX Business
Aug 22, 2013 3:00pm EDT
trading in a a.m. the, atlantic america corp has very slowly but surely begun. very small takes. trading volume. >> on the nasdaq. liz: correct. that is what we're talking about. a a.m. he is what is trading. it is certainly not an intel corporation cool, but all other securities, were still waiting for most of them. 3:25 p.m. >> i would say this, there are two stories here. obviously this ever security story. if this was some sort of hacker, a big problem. there's the other security that the sec will not address, the other story which is that our markets are convoluted. nasdaq traded stocks are trading elsewhere. we don't know exactly what those prices are. it's going on as we speak. that's why these traders, most of them could not care less about the average investor, are very call right now. the average investor who does not know exactly what they're getting, at what price. liz: let's get a trader down at the new york stock exchange. a real live one, not electronic. >> and one that does care about individual investors. >> please go ahead. >> clearly the technology glitch will affect m
CNBC
Aug 29, 2013 4:00pm EDT
sales? north america. a nice stock entering today done about 20% from its highs earlier this month. as for those in the red, big oil taking a beating. exxon, mobile and chevron down more than 1%. so bill, big movers here for big names at least. back over to you. >> bank of canada though, was up. about 1% today. royal bank of canada. rbc with record earnings for the quarter. so now we ask, what's next for the bank? >> with cnbc exclusive interview, gordon nixon. ceo of rbc. >> nice to be back with you both. >> one thing that's clear from your earnings, is that rbc is making hay while the sun is shining. i whether i remember target earnings report, weakness in canada et cetera, do you see storm clouds gathering on the horizon for the canadian economy? >> we don't. by and large, you know, business continues to be very strong. record results in canadian banking. record results in wealth management and strong results across all of our other businesses with a strong 20% return on equities. so it feels pretty good. i think the outlook for the balance of the year continues to remain reason
FOX Business
Aug 28, 2013 3:00pm EDT
financial crisis. bank of america, the vampire squid. now it's j.p. morgan. but here's the problem. the bigger than these other firms. moorlands to regulate, so have more problems. and the other thing is -- and tell you, you can't really discount this. i've known and. since neither the said gray hair. in know, there was a case to be made that he was just a little too arrogant. i'm not saying he is, but that's what of the people will say. he came out a little too strongly on certain things, that a basically a tax dodd-frank a little too strenuously. when you put all this together he has a big target on the said. in the tell you this, not saying he will resign, but something will happen structurally to that bank. that is the big prediction. when i say structurally. cheryl: they survived it, the splitting of the roles. so far he has survived in the of his critics. >> that's now. they don't have the final say. the regulators have the final say. what of saying is that once this bank if you're an investor. then make a ton of money. they have to pay a timeout. have been reporting this for
FOX Business
Aug 21, 2013 3:00pm EDT
america and financials later on. i want to point out they are up when others are getting paul dalby at any installation for many of the traders why they are doing well? nicole: worth taking a look at the dow jones industrials are down triple digits. 45th day in a row here, the sixth day i believe it is. we have not seen that for 2013 at all selling one day after another. liz: we lost the gains that we got after the losses we saw on the fed minutes report. that of course is from the july meeting. thousands on intraday charts to the lower right of the screen. we will flip through all of them but as the bells ring on wall street, the wall street got crumbled on the stock market. dow jones industrials are than 18 points, at a loss of about 103. triple digit loss under 1%. losing half a percent, russell 2000 getting hammered to the tune of three quarters of a percent. the front page headlines come existing home sales jumping to the highest level in more than three years in july. national association of realtors said the numbers increased 6.5% to an annualized rate of 5.3 million units. adam: u.
CNBC
Aug 27, 2013 4:00pm EDT
. while i'm opposing it. the fed is destroying the starnt of living of middle class america, destroying their wages and yes, prices go up. look at oil companies. i know a lot of oil stocks and oil companies aren't making a lot of money. look at oil stock s going up. $100 a barrel is not high enough for the oil company toes economically replace depleting reserves. oil prices are much too cheap. inflation driving up the cost of exploring for oil. oil needs to be $150 to $200 a barrel for the oil companies to make decent profits. >> just saying, why is it, if you're saying oil is going to $200, do the four contract reflect an oil price lower than where we are said to? >> the consensus is wrong. wrong about a lot of things. the consensus is wrong about gold. about the bond market. remember what people thought about internet stocks in 1999? or about real estate in 2007? whmp you have a consensus, it's generally wrong. so i'm not looking at what most people think is going to happen to the price of oil. i'm looking at what i believe is going to happen to the price of oil and i think i'm a bett
FOX Business
Aug 19, 2013 3:00pm EDT
united states of america. we are getting recommendations from a money manager is fund is doing phenomenally. up 34 percent compared to its benchmark, which is of less than 20 percent present. you know throughout history, folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. ♪ liz: we have breaking news right now. he is a new york based hedge fund manager. you may know the name. his advisory firm has
CNBC
Aug 5, 2013 4:00pm EDT
% in the americas, and if you look globally, sales showing their best quarter-over-quarter increase over the past three years. >> yeah, brian toohey heads the semiconductor conduct association, and he joins us now exclusi exclusively. brian, great to have you with us. >> thank you so much. appreciate being here. >> a lot of people are looking at this and asking whether this is smartphones, or is that what's driving the surge we've seen in chip sales year on year? >> a lot of things are driving the surge, especially -- and we've had a very good quarter. up globally 6%. 8% in the americas this quarter. it's the best quarter, as you said, in three years. what's been driving this immediately has been memory sales, sales in the memory sector, which actually point to growth in a wide range of consumer end product. but we see growth among a number of our segments. >> so can you elaborate -- i'm sorry, scott. can you elaborate quickly? is this actually a mobile-driven phenomenon? what is it that's behind this increase, then, if you could get specific? >> sure, sure. well, it's a broad range
CNBC
Aug 15, 2013 4:00pm EDT
americas jerry smith joins us exclusively. good to have you on the program. >> thank you. >> thank you for joining us. a good story you are selling more tablets and devices than pcs, right? >> we are proud of that. in the quarter, we had an outstanding quarter. it's a reflection of our strategy, we are now teleselling more phones than tablets. that's a part of our pc plus. we believe we are a device company now. >> i want to ask you about. that all the speculation out there is what is going to happen with blackberry. are you in a position to acquire blackberry in. >> i can't comment on possible acquisitions. i will say right now organically we grew our smartphone business successfully. we will look at potential value and if it fits from a strategy perspective as well. >> so let's look at the difference here him i have a black brry in my hand. can these two merge and be a better device? what do you think, jerry? >> we will keep looking at all opportunities. >> why wouldn't you buy blackberry in they're so popular? what would stop you, seriously in. >> i think there are lot of other tupts ou
CNBC
Aug 22, 2013 4:00pm EDT
we talk with the ceo of wal-mart m america. let's check in with dominik chu on what happened today. when will we hear from the nasdaq. dom, walk us through what happened today. >> let's get up to speed on the latest update around 3:41 eastern time. nasdaq said all operations were back to normal. we head into the "closing bell" with things at least relatively stable. at least that's the initial impression. earlier today, let's get you up to speed on what happened. as early as 12 or even before noon today we started to hear stories of trading anomalies around 12:20 they started to shut done stocks for trading p. this is taped c securities, one thing you might read about in the papers, going forward into tomorrow. nasdaq listed security here in the u.s. there was a problem with the pricing engine. they weren't able to get good date why out on prices so it affected the entire market. none of those nasdaq listed securities could trade. later on in the afternoon, we heard the nasdaq was going to try to restart things. this time they are going to restart things with 15-minute window where
FOX Business
Aug 2, 2013 3:00pm EDT
exclusive. >> here is something interesting for a 40% of the incoming class of bank of america failed the standardized brokerage test. it says something about what is going on with wall street. the kids are dumber? what you think? when 30 percent last year in 40% fail this year if you think these numbers are exaggerated but they will not deny the trend. liz: it is exaggerated?@ >> it is probably 309-point 5% but the trend looks like wall street finally after all these years with the financial crisis, the smart guys are not going to wall street but private equity and it says a lot with what is the wing on on wall street. liz: but who wants to pick up to start buying a surge in stock? >> but the recruits. liz: more difficult? >> no. basic stuff that is scary. it is not like construction of a seedy but what is a bond, derivatives, but the increased failure and we called around this is happening bankamerica is so much of the basket case but the stock is up double from last year but talk about assets this is a problem so you can say maybe it is just faint of america but we hear it is goldm
CNBC
Aug 7, 2013 4:00pm EDT
. yeah, the point is russia needs america more than america needs russia. it's important to have good relations, but just as american leaders talk to counterparts in china, even though the chinese are actual spying on the americans and doing all kinds of other thing, the whole point about diplomacy is having tough conversations and that's what, at the moment, unfortunately, obama is not having. >> all right. thank you so much. we appreciate your time. we'll be watching the developments here. >>> we'll take a short break and then look at the we appreciate your time. we'll be watching the kechblths here. we'll take a short break and look at the markets for tomorrow. will the dow snap. market action back in a moment. . and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> lots of economic data to
FOX Business
Aug 1, 2013 3:00pm EDT
of this duty. and also it will be made in america, made in fort worth. although it is not like those are helping apple all that much. today no cell phone or small -- smart phone is up phone at all. you have a camera with quick you take a photo in two seconds which is kind of cool. the phone is a sleepy twisted. the viewfinder pops up. touch anywhere on the screen and it takes a photo. 10 million pixels. forty-one. it has acted display. instead of your phone blinking, it flashes icons on the home screen to let you know. it will prioritize notifications suggested price $200. $50 extra. now some numbers. understand just how fast this self on market moves. if you slip and all your dead. motorola's share used to be a world beating company. the share of that business now is less than 1%. samsung, 30 percent, apple 13. let cannolis. motorola, less than 1%. i think that little sign might be turned the wrong way. and since the page 12 and a half billion for motorola, close that deal in may of 2012. i just counted in the company has run operating losses. the most recent loss in the june qu
FOX Business
Aug 16, 2013 3:00pm EDT
about soft sales here in north america for the handbag. walmart and macy's both noticed higher payroll taxes. fewer people walking to the store. same-store sales at macy's saw the first alkaline in nearly four years. they are really under some pressure. when people do have some money, they are running for home improvement and cars. charles: i have to agree with you. people have simply run out of money. most people prefer to use their debit cards and live within their means. we all know that the housing market is rebounding. how much would you pay for the narrowest house in new york city? >> we have the answer. $3.25 million. this man had in townhouse only 8 feet 4 inches wide. it is just 900 inches of rome. there is a secret garden outside. this house was built around 1850. the current owners initially wanted 4 billion. it is absolutely amazing. i would look like a penguin and a bird cage if i lived in that house. the high-end carmakers targeting buyers in their late 30s and 40s. bmw gives us a sneak peek. we find our own adam shapiro at the show. adam: i want to show you the latest th
FOX Business
Aug 7, 2013 3:00pm EDT
. dollar. bank stocks among some of the biggest losers after the government accused bank of america of civil fraud. but pop-up bank of america stock. at the moment for 1451, still well off of annual lows. also down, but really just slightly. nothing pretty dramatic. there we go. just a fraction. did get beaten up a bit today, smacked around after revenue came up short on earnings after the bell yesterday. one reason, concern about this, the box office flop, the lone ranger, which failed to live up to 200 -- actually, dennis kneale just said more than 300 million if you count marketing. it cost a lot of money and only made 86 million. incidentally, johnny depp, right there on the screen, mark waugh burke says they think critics are to blame for the movie's failure. crimea river. critics have existed forever. the critics do not like it. listen, one bad review on broadway when your show closes. let's get right to the floor show. adam shapiro at the stock exchange, traders said the cme and nymex. also joined by portfolio manager neil tennessee. i will begin with our nyse trader looking
FOX Business
Aug 15, 2013 3:00pm EDT
. >> reporter: america macabre and gold. what is interesting about the trade today, we see gold for december delivery settling about $28. 1,361 or thereabouts. the physical market, the delivery there is really tight. it big asian demand, but what we want to return to is what is going on with the paper trades in the exchange-rate as products in gold, down about $58 billion so far this year. it has been on a rocket ride since december 2008. then it went up 71,894 in july and august of 2011. that starts coming back down this year. the cftc was really clear that the commodities futures trading commission has data on the long positions, the bullish bets on gold. they sort of mirror what is going on with a hedge fund guys. the bullish bets for the long positions have been cut by 70%. that is a big number. 70 percent cut again in the futures and options on the net loss position in gold futures delivery. want to give you one final newsbreak. breaking news coming out. forbes magazine is telling the math on john paulson potential hedge fund losses, they are telling $740 million is what forbes magazine
CNBC
Aug 6, 2013 4:00pm EDT
. and we just, of course, reported about the doj suing bank of america for defrauding investors in connection with the sale of $850 million in residential. so one trader's e-mailing me going, going after bank of america for 2008 helps get private capital? how do you figure? >> well, you know, obviously, i can't comment on enforcement mechanisms. but what i would say is that obviously we've had -- we had a significant settlement that we thought helps provide clarity, brought relief to tens of thousands of homebuyers. obviously, enforcement for, you know, things that have happened is a piece of what's out there. i think you're also seeing a message from the president today that he wants more clarity, that he thinks there's been an overreaction, that there is too much -- too tight credit for many creditworthy homeowners. we recognize that having regulatory simplification is important to that. we recognize that many companies legitimately think there's too much putback risk. so i think we're sending a pretty strong signal that we want there to be a simpler and safer system for the lend
CNBC
Aug 30, 2013 4:00pm EDT
, yes and no. obviously, some are, some are not. we're the united states of america and we have a great ideals and we certainly don't support the war crimes, where you gas men, women and children, your own population. assad has done this. it's clear that it was the assad regime who did this. and it's just a matter of do you want to turn your head and look the other way and pretend it didn't happen or -- >> no question, but what do you make about the silence around the rest of the globe? >> i think there's silence in some quarters and not silence in other quarters. i think if the president decides he's going to strike, there will be a number of countries which will be supporting us and will be visibly supporting us. there are some people who feel everything is acceptable and it doesn't matter how barbaric a leader acts against his people. i disagree. >> what do you think is the worst case scenario here? >> well, i think there are lots of bad choices in syria. i don't think there's one good choice in syria, but i think of all the bad choices, the worst choice would be to do nothing
FOX Business
Aug 27, 2013 3:00pm EDT
market closing and obviously there are some stocks we're watching. bank of america, microsoft, united technologies, these are your liger's, but it has been a rough day, down 161 points, and one point we were down 1,401,600 change. on the dow, but again a rough day, where concerned of syria over there. earnings coming out after the bell, the volatility was rising today, the dow and the s&p basically at two-month lows at this point. trading at levels not seen since july 8 at this point. the market very nervous of geopolitical concerns. david: only down 160 points? the bottom line is this looks awful and is awful, but a lot of nervous nelly's out there now. we have somebody coming up saying we already found the bottom. first talk about volatility. as we were talking about a lot of nervousness, a big jump, way up to about 12%. lauren: tough day. a rise of 13.5%. today alone a rise yesterday as well. the fear is back. cheryl: crude is rallying. >lauren: crude went through 109 per barrel. down about two and .5% but every company from the railroad like union pacific and fedex to ch robinson
CNBC
Aug 13, 2013 4:00pm EDT
america. we're talking with the stars of those wildly popular business shows on what it takes to mic the big bucks in the business. >> and, of course, in the pawn store industry, you see a range of products crossing. who better to talk to than rick harrison, the star of pawn stars. you see a lot of indicators, what's the story with the consumer, what indicators do you see what to look for in the economy? >> everything is getting a little bit better. most people i talk to are still unsure just due to the fact that with obamacare and the regulations, everything like that, they don't know what's going to happen, people are holding back. vegas is doing better. it's scary how much better in some areas. >> you guys do better when the economy's not doing well, right? is business dropping off for you as the economy gets better? >> that is a real misnomer. it's a bizarre business. when the economy is really bad, we get more merchandise. we have to sell that, there's not as many buyers. and the opposite is true when the economy is good. we don't get as much merchandise to sell. it's good and b
CNBC
Aug 19, 2013 4:00pm EDT
focused on the final stretch of earnings season. a couple of small caps are america's car mart and gina marie. we'll look at home depot which will be a good proxy for consumer spending trends as well as housing recovery. we'll emphasize looking for companies that are looking to outgrow their environments in a difficult market. >> anthony you're up next. what are you keeping your eye on for tomorrow. >> u.s. gold futures markets which has occurred or nearly occurred for a record six weeks and is an indicator of strong physical gold demand as well as home depot numbers. if it's below the estimate of $21 billion the market will keep interest rates low. given that prices perform best when interest rates are negative, any sign of -- >> good point. david you're up next. 30 seconds on the clock. >> we got a lot of retail earnings coming out this week. after walmart and macy's missed last week i'm going to look at the directions naer names. 35 percent of people 18 to 31 lives at home with their parents i want to see how these names do. are the names in trouble, it seems that a consumer, es
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